Forex news trading system

Reached below the trend line and 100 hour MA.USDJPY is flirting with a bunch of technique, because it trades at session lows.Looking at the hourly chart above,

the pair has a trend line coming from September 8, weak. The price traded below and above and below, yesterday and today.

The price moved then tested fell below 100 hour MA (blue line at the 112.368)

The price tested the 200 hour MA at 112.17 (low reached 112.206). The 50% of the move up from the September 20, the low is also the level. The last two tests the 200 hour MA (see green circles) has stalled at the 200-hour MA. Today is the 3rd test.

The sellers are trying to take control technically on the first two jumps, but it is to find the 200 hours of MY a tough nut to crack.To make things even more difficult, even on a break, it is the daily 200 MA at 111.991 is also down to the horizon. So the downside of the sled is a difficult question. One thing that might help the sellers if a ceiling can be held, is the beach is only 52 pips today. The 22-day average is 102 points. So the range is the light. There is room to move. Sellers like to see 100 hours of MA to hold a rally in the now. That would give more confidence to the move lower today. Looking at the returns, the changes are less than 1 bp, but closer to the hollow in the quiet of the negotiation. A move lower, help the sellers cause.